What rights does an Aggrieved Party have in the context of a contract?

In the context of a contract, an aggrieved party refers to a party that has suffered loss or harm due to the other party's failure to perform their obligations. When one party refuses to perform as per the terms of the contract, the aggrieved party has several rights to seek remedy. One of these rights includes the ability to seek options available which may include demanding specific performance, claiming damages, or terminating the contract.

This choice captures the essential legal recourse that the aggrieved party can pursue to address the breach. The aggrieved party can typically choose to enforce the contract through legal means, potentially leading to a resolution or repair of the situation. In many instances, an aggrieved party may also seek injunctions or other equitable remedies, making it clear that there are formal and structured options available for addressing non-performance.

In contrast, the other options present different interpretations of what rights an aggrieved party has, which do not align with the standard legal recourse typically available in contract law. For example, the notion of altering the contract unilaterally is not typically a right of an aggrieved party; it requires mutual consent and does not address the breach itself. Demanding additional performance or renegotiating contract